Property investments in JOHNSTON did not fare well against the rest of the country last year, registering a median home price decrease of -14.06%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains JOHNSTON, 832 saw average growth in the long term.
Real estate investors could earn a rental income of $550 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 0.0 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $550,000.
JOHNSTON ranks 30th on the list of best yielding suburbs for rental properties in NT, posting a 5.2% return.
Profits due to an downward trend in home prices in JOHNSTON, 832 averaged -7.37% per annum over a 3-year period.
Average weekly rents on listings have reached the $400 mark, reflecting a 5.62% increase in returns based on the current median price in JOHNSTON.
An average of 2.5 real estate transactions take place per month in JOHNSTON which translates to 30 per annum.
30 properties were sold in JOHNSTON during the past year, making it the 7th most active market in NT based on total real estate transactions.
JOHNSTON, 832 places 9th in Australia based on median property value growth during the quarter.
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